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Court of Appeal Wellington
CA 109/05
19 September; 22 December 2005
Anderson P, Glazebrook and Chambers JJ
CA 109/05
19 September; 22 December 2005
Anderson P, Glazebrook and Chambers JJ
Company law — Receivership — Property disposed of by receiver — Whether subsequent secured creditors then became unsecured creditors — Personal Property Securities Act 1999, ss 115 and 117.
Statutes — Interpretation — Legislative history — Use of subsequent legislation — Purpose and context — “Reading down”.